KnightlightAvoid individual stocks. Consider a low cost growth ETF and ensure dividends are set to automatically be re-invested. The money will snowball bigger over time. Also be aware there are often government programs that can help with saving for a child's post secondary education. In Canada there are two such programs: 1) The Canada Education Savings Grant (CESG) where the federal government will grant funds based upon a percentage (to a lifetime limit of $7200) of what an eligible family puts... [ more ]
KnightlightInvest in low-cost ETFs like Vanguard or others to start. They allow you to invest in a basket of stocks and are generally lower cost than mutual funds. You could have some growth ETFs if you are younger or Balanced ETFs if you are mid-way through your working career. Stay away from investing in individual stocks until you have built up a large balance of investment funds, and even then, I would think twice about doing so. Companies like Xerox, Blockbuster video, Sears, and many more at one... [ more ]
NefFind a reputable brokerage that has been in business awhile and review the fees, then go for the one that you like. WeBull or Robinhood will work too. The more important part of the decision is to chose a brokerage company and consistently fund the account. Good Luck. [ more ]
Nathan_GregoryHi Blake, This is a scam account that is using a fake account that looks like the Minority Mindset to scam our audience. We have reported the account & many other like this one, so please DO NOT interact or give this account any money/personal details. Instead, please report them and any other accounts like this one that you see on our videos or page. Keep in mind that we will NEVER ask you for money through any app, including WhatsApp. In addition, we have a checkmark next to our name,... [ more ]
NefI found this and wanted to share it with you. Something that should get your juices flowing: [ https://learn.stash.com/the-st...-diversify-by-sector ] [ https://einvestingforbeginners...versification-ashul/ ] After reading you should have a better understanding of which sector you are comfortable with . Good luck and have fun researching and learning. It can be overwhelming at first but the more you learn the easier it gets when you need to balance or re-balance your portfolio. :Nef: [ more ]
NefIn addition to generating PI from Stock Dividends look into other sources that can generate PI. Like writing a novel, blogging,/writing reviews or starting a small business. This way you can diversity your sources which can lead to funneling PI your way from multiple sources. Of course one can get PI from (1) source but you would have to invest heavenly in that (1) source and if it doesn't go as planned (since investing has it's peaks and valleys) you will find yourself in a position where... [ more ]
blaise_89I've been following their channel for 3 years, and I'd like to share my interpretation. Jaspreet usually refers to gold and Bitcoin not as an investment, but as an hedge against inflation and market overvaluation . They look at them as indicators moved by the choices made by "big investors", in the light of their interpretations and predictions on our economy. From this perspective, we have gold close to its highest evaluation in history , and this seems to suggest that big investors... [ more ]
ALLEYBOY760I have M1 over a month now and have had Etrade for 6+ years. I wish M1 was around when I started learning this field years ago, it so much funner being able to play with the big boys with only pennies to the dollar compared to the $$$ on each stock. Etrade is a nice straight direct forum that is nicer now that I have put time into studying it. [ more ]
Funance Theorist.Ameritrade/Thinkorswim is clearly the best most reliable and successful platform. The others either don't have enough tools or simply don't have the reputation worth joining on for. Look at Robinhood whose main investor base is extremely novice and is known for days of server overload and awfull customer service. Seriously the barriers to entry for low-end investing apps arent very much look at the 18-year-old kid who killed himself because of margin trading on robinhood. [ more ]
Landon MartinI have been using M1 Finance for awhile now and have been very happy with it. I really like building the pie chart portfolio that the money will automatically divide between and invest in. I also like that M1 allows you to own fractional shares of a company so that all of your money can be immediately invested and you dont have to save up until you can buy a full share of a company. A couple downsides to M1 is that you dont have exposure to the full market because they only allow certain... [ more ]
Landon MartinIt feels like the headline I see everyday is that the stock market rose on investors hope for the next stimulus bill or something similar. Obviously a lot of how the market is valued is based on how people feel but it seems like too much value has been placed on that recently and not enough on how companies are actually performing. Makes me think it can't continue like this forever but at the same time I don't know if that necessarily means a big drop in the market. [ more ]
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